Samsung Fire & Marine Insurance's stock price is strong during trading on the 31st. It is interpreted that the buying frenzy occurred after the announcement of a value enhancement plan that includes increasing the shareholder return rate to 50%.
As of 3:08 p.m. on that day, Samsung Fire & Marine Insurance is trading at 381,000 won, up 39,500 won (11.57%) compared to the previous trading day.
At 11:28 a.m. that day, Samsung Fire & Marine Insurance disclosed a value enhancement plan that includes an increase in the shareholder return rate to 50% by 2028 and a reduction of its stake in treasury shares to less than 5%.
Samsung Fire & Marine Insurance selected the capital adequacy ratio (K-ICS) and return on equity (ROE) as key indicators for the value enhancement plan. The K-ICS ratio is to be managed at around 220%, and the ROE target is set at 11% to 13%.
Additionally, Samsung Fire & Marine Insurance announced an execution plan based on the slogan 'Strengthening the fundamentals of the business and growing together with shareholders' along with expanding shareholder returns, enhancing core competitiveness, securing new growth engines, and raising social value.
Jeong Jun-seop, a researcher at NH Investment & Securities, noted, 'While the insurance sector's profitability, capital, and shareholder return uncertainties are high, Samsung Fire & Marine Insurance stands out during a time when capital and performance stability are highlighted.'